Scholarship Office

Short-Term Loan Programs

The Short-Term Loan Program was established in cooperation with the WIU Foundation Office and the Office of Billing and Receivables. The purpose of the short-term loan program is to give assistance to students in need of short-term support when an anticipated financial aid refund will not be available by the expected refund date. There are two types of short-term loans: Textbook Short-Term Loan and Cash Short-Term Loans.

Short-term loans may be granted to students who have financial aid pending that would result in a refund to the student, but the refund will not be available in a timely manner. Employment and resources other than financial aid cannot be considered. The short-term loan must be repaid within 90 days, and failure to repay the loan will prevent the approval of any future short-term loan requests and may put a hold on registration for the next semester.

Short-Term Loan Program requests are made in the Scholarship Office, 308 Sherman Hall. The first short-term loan application date is the Thursday before the start of classes each semester.